French Mortgage Information

There are considerable differences between lending in France and raising finance in the UK. Whilst the UK system applies income multiples (i.e. 3 x your gross income) the European view is based on your ability to repay the loan. Most European banks lend on the basis that your total monthly repayments (capital and interest) should not exceed 35% of your net monthly disposable income.

To give yourself some idea of the maximum you can borrow in France, multiply your monthly net income by 35%. Then deduct from this your total U.K monthly credit outgoings (loans, credit cards, mortgage/rent). The resulting figure will give you a good idea of your maximum monthly French mortgage payment.